Raymond James Financial Inc. Makes New Investment in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Raymond James Financial Inc. acquired a new position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 179,764 shares of the company's stock, valued at approximately $3,223,000. Raymond James Financial Inc. owned approximately 0.35% of Carlyle Secured Lending as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Canton Hathaway LLC purchased a new position in Carlyle Secured Lending during the fourth quarter worth $47,000. EMC Capital Management increased its position in Carlyle Secured Lending by 56.9% during the 4th quarter. EMC Capital Management now owns 13,021 shares of the company's stock worth $233,000 after purchasing an additional 4,722 shares in the last quarter. Jane Street Group LLC raised its stake in Carlyle Secured Lending by 30.9% in the 3rd quarter. Jane Street Group LLC now owns 13,775 shares of the company's stock valued at $234,000 after purchasing an additional 3,249 shares during the last quarter. Round Rock Advisors LLC purchased a new position in Carlyle Secured Lending in the 4th quarter valued at about $333,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Carlyle Secured Lending by 37.8% during the 4th quarter. JPMorgan Chase & Co. now owns 29,629 shares of the company's stock worth $531,000 after purchasing an additional 8,129 shares during the last quarter. 24.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CGBD. JPMorgan Chase & Co. cut their price objective on shares of Carlyle Secured Lending from $17.00 to $14.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company cut their price target on Carlyle Secured Lending from $17.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday. Finally, Bank of America cut Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 price objective on the stock. in a report on Monday, February 10th.

Carlyle Secured Lending Trading Up 0.8 %

Shares of CGBD stock traded up $0.12 during trading hours on Friday, hitting $14.53. 47,093 shares of the company were exchanged, compared to its average volume of 225,778. The firm has a fifty day moving average of $15.83 and a 200 day moving average of $17.00. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. Carlyle Secured Lending, Inc. has a 1 year low of $13.12 and a 1 year high of $18.74. The firm has a market cap of $740.15 million, a PE ratio of 8.12 and a beta of 1.22.

Carlyle Secured Lending Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.02%. The ex-dividend date of this dividend was Monday, March 24th. Carlyle Secured Lending's dividend payout ratio is currently 98.77%.

About Carlyle Secured Lending

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.